This page reflects THO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — THO
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $75.00 (1.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$5.38
±7.0%
Days to Expiry
15
Calendar days
Total Call OI
1,482
Nearest expiry
Total Put OI
779
Nearest expiry
P/C OI Ratio
0.53
Put-heavy
Spot Price
$76.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$80.00
5/15/2026, 11:37:11 PM
2026-06-18
$75.00
6/18/2026, 11:32:53 PM
2026-07-17NextUpdated
$75.00
7/3/2026, 11:31:52 PM
2026-08-21
$90.00
7/3/2026, 11:31:52 PM
2026-09-18
$80.00
7/3/2026, 11:31:52 PM
2026-10-16
$90.00
7/3/2026, 11:31:52 PM
2026-12-18
$80.00
7/3/2026, 11:31:52 PM
2027-01-15
$90.00
7/3/2026, 11:31:52 PM
Selected expiration: 2026-07-17 at max pain $75.00.
THO pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
1262500
1262500
60
0
896000
896000
65
1500
551500
553000
70
3000
271500
274500
75
24000
105000
129000
80
128500
50000
178500
85
778500
0
778500
90
1446000
0
1446000
95
2166000
0
2166000
100
2891500
0
2891500
105
3632500
0
3632500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.